Wholesale Distributor of Flat Glass Machinery and Tools

NC

Wholesale Distributor of Flat Glass Machinery and Tools
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $4,572,000

EBITDA: $569,000

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: N/A

Wholesale Distributor of Flat Glass Machinery and Tools

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Business Description

The company is a wholesale distributor of machinery, tools, parts, and other consumables for the flat glass industry. The company also has the knowledge and expertise to provide installation and maintenance services post-sale.

Key aspects
•Average gross profits from 2016 to 2018 is 29.5% of revenue
•$1.9M secured backlog as of June 2019
•Exclusive manufacturers agreements in place for U.S. and Canada
•Proprietary line of core bits, tools, and consumables
•Experienced engineering staff, certified by major industry vendors and trained on the latest technologies
•Company name has a high degree of recognition and an excellent reputation in the industry
•Approximately 200 active accounts throughout the US, Canada, and the Caribbean with no single customer accounting for more than 8% of revenue

Opportunities
•Growing machinery sales increase opportunities to provide service and tooling
•Create a web portal for customers that will allow for online purchasing of tools
•Pursue the insulated glass market
•Focus on robotic and handling equipment to expand product offering
•Expand into the stone industry to increase customer base and operations

Headquartered
•North Carolina

Current markets
•The company serves flat glass manufacturers located throughout the US, Canada, and the Caribbean.

Real estate
•The company is headquartered in a 1,700 square foot building located in North Carolina. The facility is leased from an unrelated party and could be relocated if needed.

Shareholder/owner objectives
•The two shareholders are planning for retirement and believe the company is in a position where new ownership can take advantage of the growth opportunities. Both owners are available for a handover period to make introductions and ensure a smooth transfer of ownership.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,700
Lease Expiration:
N/A
Reason for Selling:
The two shareholders are planning for retirement
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Leo Vanderschuur

Business Listed By:
Leo Vanderschuur

Benchmark International

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Sponsoring Broker:
Emily Cogley

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